Macedonia

In-depth country-focused analysis on Macedonia's economic, political and operational risk environment, complemented by detailed sector insight

Macedonia

Our comprehensive assessment of Macedonia's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Macedonia, as well as the latest industry developments that could impact Macedonia's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Macedonia before your competitors.

Country Risk

Macedonia Country Risk

BMI View:

Core Views

  • Macedonia's political crisis may be past its worst after an early election, scheduled for June 5, was postponed indefinitely. The decision to call off the snap election greatly improves the prospect of holding 'free and fair' elections in future, and could help bring an end to the country's political crisis, and put EU accession talks back on track.

  • Macedonia's economy will continue to grow at a strong rate over the coming years, aided by robust manufacturing activity, rising investment, and a stable household sector.

Major Forecast Changes

  • We have raised our real GDP growth forecast from 2.8% to 3.6% for 2016, and from 2.6% to 2.9% for 2017 amid strengthening manufacturing activity and signs of resilience in Germany's economy...

Macedonia Industry Coverage (1)

Telecommunications

Macedonia Telecommunications

BMI View:

BMI View : Macedonia's small size and saturated nature offer few growth prospects for new entrants and established players alike. This view is underscored by an acceleration in the consolidation process in 2014 and which will reach new heights in 2015 if the merger of VIP and ONE is permitted. We have divided opinions on this development: although consumer choice is diminished, it would create a stronger player capable of challenging the incumbent on pricing and service innovation. The cable TV sector would benefit from more consolidation, too. In short, though, the greatest returns on investment will be enjoyed only by largest and most established players. Newcomers would be advised to look to the services and content fields for investment opportunities.

...

Latest Macedonia Articles

  • An unsettled political and economic environment in the wake of the Brexit v...

  • We maintain our above-consensus forecast for the year, with Brent and WTI f...

  • The 2015-2016 El Niño episode had a severe negative impact on agricultural ...

Latest Macedonia Blogs

  • Most of the discussions surrounding Greece's potential exit ('Grexit') from...

  • With negotiations coming to a head, our core scenario is for Greece to rema...

  • The political crisis in Macedonia merits considerable vigilance, for if the...

×

Download PDF

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.

Thank you for your interest

You will shortly receive your free executive summary by email.